Iran Gov’t to Levy Taxes on Forex, Gold Dealers

Iran National Tax Administration has announced details of the government’s initiative to levy taxes on people purchasing high amounts of foreign currencies and gold coins as investments, signaling the serious drive to discourage the public from changing their rials to earn windfall profits.
“Whoever purchases or sells foreign currencies to an amount equal to or higher than $5,000 will have their information registered in the country’s comprehensive information system,” Seyyed Kamel Taqavinejad was also quoted as saying by IBENA.
The official noted that INTA will review their information and if they already have a tax file, it will be scrutinized and if not, a file will be opened for them.